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S&P/TSX composite up almost 100 points, U.S. stock markets also climb

Written by on May 2, 2024

TORONTO — Canada’s main stock index gained almost 100 points Thursday, helped by gains in industrial and utilities stocks,while U.S. stock markets also climbed.

The S&P/TSX composite index closed up 94.67 points at 21,823.22.

In New York, the Dow Jones industrial average was up 322.37 points at 38,225.66. The S&P 500 index was up 45.81 points at 5,064.20, while the Nasdaq composite was up 235.48 points at 15,840.96.

The Canadian dollar traded for 73.00 cents UScompared with 72.68 cents US on Wednesday.

The June crude oil contract was down five cents at US$78.95 per barrel and the June natural gas contract was up 11 cents at US$2.04 per 1,000 cubic feet.

The June gold contract was down US$1.40 at US$2,309.60 an ounceand the July copper contract was down seven cents at US$4.48 a pound.

This report by The Canadian Press was first published May 2, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD) 

The Canadian Press